Vistra Corp

For the period ended Dec 31, 2024. Filed Feb 28, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 28, 2025

VST$133.92+7.3%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

PAGE
Glossary of Terms and Abbreviations	iii
Forward-Looking Statements	vii
Industry and Market Information	vii
PART I.
Item 1.	BUSINESS	1
		Market Discussion	1
		Business Strategy	6
		Human Capital Resources	7
		Environmental Regulations and Related Considerations	9
		Corporate Information	17
		Available Information	17
Item 1A.	RISK FACTORS	18
Item 1B.	UNRESOLVED STAFF COMMENTS	44
Item 1C.	CYBERSECURITY	45
Item 2.	PROPERTIES	46
Item 3.	LEGAL PROCEEDINGS	48
Item 4.	MINE SAFETY DISCLOSURES	48
PART II.
Item 5.	MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES	49
Item 6.	[RESERVED]	50
Item 7.	MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION, AND RESULTS OF OPERATIONS	50
		Significant Activities and Events, and Items Influencing Future Performance	51
		Critical Accounting Estimates	57
		Results of Operations	60
		Financial Condition	66
		Commitments and Contingencies	72
		Changes in Accounting Standards	72
Item 7A.	QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK	72
Item 8.	FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA	75
		Consolidated Statements of Operations	78
		Consolidated Statements of Comprehensive Income (Loss)	78
		Consolidated Balance Sheets	79
		Consolidated Statements of Cash Flows	81
		Consolidated Statement of Changes in Equity	83
		Notes to Consolidated Financial Statements:	85
			1. Business and Significant Accounting Policies	85
			2. Acquisitions	91
			3. Revenue	94
			4. Government Assistance	98
			5. Income Taxes	99
			6. Property, Plant, and Equipment	102
			7. Goodwill and Identifiable Intangible Assets and Liabilities	103
			8. Collateral Financing Agreement with Affiliate	106
			9. Debt, Credit Facilities, and Financings	107
			10. Leases	116

PART III.
			11. Derivatives	117
			12. Fair Value Measurements	121
			13. Asset Retirement Obligations	126
			14. Pension and Other Postretirement Employee Benefits (OPEB)	127
			15. Commitments and Contingencies	132
			16. Equity	142
			17. Earnings Per Share	144
			18. Stock-Based Compensation	145
			19. Segment Information	146
			20. Supplementary Financial Information	148
Item 9.	CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE	151
Item 9A.	CONTROLS AND PROCEDURES	151
Item 9B.	OTHER INFORMATION	153
Item 9C.	DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTION	153
Item 10.	DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE	154
Item 11.	EXECUTIVE COMPENSATION	154
Item 12.	SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS	154
Item 13.	CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE	154
Item 14.	PRINCIPAL ACCOUNTANT FEES AND SERVICES	154
PART IV.
Item 15.	EXHIBITS AND FINANCIAL STATEMENT SCHEDULES	155
Signatures				178

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